Pune, India -- (SBWire) -- 07/11/2018 --Market Overview:-
Thermoelectric generators are the solid state devices that convert heat into electricity with the help of temperature difference. These generators do not have any moving parts and are fully silent unlike the traditional heat engines. Thermoelectric generators have been used consistently for more than 30 years with no maintenance operation in space analysis such as in the voyager missions of NASA. NASA in collaboration with the Department of Energy has been developing a new power system that could be used in various space missions. The new radioisotope thermoelectric generator (RTG), which is called a Multi-Mission RTG (MMRTG), is being designed for operating in various planetary bodies such as Mars, as well as in vacuum space. Thus, with further technology advancements, thermoelectric generators are expected to see rise in demand in the long run.
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Industry Top Key Players:-
The key players of Global Thermoelectric generator Market report include- Gentherm, Inc., II-VI Incorporated, Ferrotec Corporation, Laird PLC, Komatsu Limited, Yamaha Corporation, Evident Thermoelectrics, Tecteg, Alphabet Energy, and Tellurex Corporation.
Industry News:-
In December, 2017 – Global technology leader Laird (LRD: London) developed a thermoelectric module (TEM) that accommodates a laser diode butterfly package. Primarily used to stabilize the temperature of sensitive optical components in telecom and photonics industries
In November, 2017 – Gentherm (NASDAQ-GS:THRM), the global market leader and developer of innovative thermal management technologies, announced that it has acquired Etratech Enterprises, Inc. for approximately USD 64 million in an all cash transaction. Etratech, based in Burlington, Canada, specializes in the design, development, and manufacturing of advanced electronic controls and control systems for the Automotive, RV and Marine, Security, Medical and other industries.
Thermoelectric Generator Global Market – Segmentation
The scope of global thermoelectric generator market is segmented into four major segments which are explained below:
By Source - Waste Heat Recovery, Energy Harvesting, Direct Power Generation and Co-generation
By Material- Bi-Te, Pb-Te and Others
By Power - <10 W, 10- 1 kW and >1kW
By Temperature- <100°C, 100-500°C and >500°C
By End-User- Automotive, Aerospace & Defence, Industrial, Consumer and Others
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Regional Analysis of Global Thermoelectric generator Market:-
North American region held the largest share of the global thermoelectric generator, followed by the Asia-Pacific. Asia-Pacific is expected to grow at highest CAGR for the thermoelectric generator market. Increased demand of thermoelectric generators by automotive industries to increase the fuel efficiency and increased industrialization in the region is expected to drive the thermoelectric generator market.
Target Audience:-
Thermoelectric generator manufacturer/dealer/supplier.
Raw material Provider
Government and research organization
Investment bankers and M&A Consultants
Thermoelectric Generator Market Industry Trends, Size and Share by Brands, Statistics and Segmentation by Forecast 2022